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May 25, 2012
05/12
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approached bskyb regarding its interest in acquiring the shares of bskyb in june 2010, is that correct? >> that's right. >> which is one month, thereabouts, after the election. wasn't part of the news corp strategy to at least wait until the outcome of the election? >> i think it was to wait until the election was completed regardless of the outcome, such that a transaction of this size, some $12 million, didn't become a political football. that was the goal. but the primary driver for the timing was really the affordability of they being able to do it. we've taken some time to really husband our resources carefully. it was contemplated it would be an all cash offer and i took a little while to say that, if you will. after over a number of years but also there was a gap because in 2009, recall, that the financial crisis, with the uncertainty about the environment, you know, large-scale mergers and acquisitions activity was a hard thing to get your head around. and furthermore in 2009, and forgiving, mr. jay, but it's important as i think i know where you're going, but every some of the
approached bskyb regarding its interest in acquiring the shares of bskyb in june 2010, is that correct? >> that's right. >> which is one month, thereabouts, after the election. wasn't part of the news corp strategy to at least wait until the outcome of the election? >> i think it was to wait until the election was completed regardless of the outcome, such that a transaction of this size, some $12 million, didn't become a political football. that was the goal. but the primary...
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May 11, 2012
05/12
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. >> do you know bskyb is still a client of freud communication? >> i don't. i'm sure, i mean freud communication is a huge country. i don't know the full client list. i'm pretty sure they have a represented bskyb on a corporate level, but i'm sure they would have represented lots of other areas of sky. i do know currently, but probably. >> just ask you some general questions about -- when we are made aware that the bid would be made? >> i think before, before the public announcement, and shortly before the public announcement. >> before the general election or after? >> i think it was before. yeah, before. i just can't remember when the public announcement was. it was a shortly before. >> this is obviously a big moment for news corp. i appreciate you are -- that distinction is understood. werther not discussions by either of the murdochs about the timing of the bid? >> i played no formal role in the bskyb transaction come and certainly not the strategy of timing and all that kind of thing. i was made aware that it was on the cards, thursday, before the public
. >> do you know bskyb is still a client of freud communication? >> i don't. i'm sure, i mean freud communication is a huge country. i don't know the full client list. i'm pretty sure they have a represented bskyb on a corporate level, but i'm sure they would have represented lots of other areas of sky. i do know currently, but probably. >> just ask you some general questions about -- when we are made aware that the bid would be made? >> i think before, before the public...
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May 11, 2012
05/12
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i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothing to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember a detailed conversation at a social dinner about the complexities of an issue such as ofcom. so it may have been precisely three minutes of me saying, can you believe that that has happened? and george osborne looking perplexed and the respond to fred michel the next day. it was a very brief conversation but it did happen. >> it didn't happen but it's not mr. osborne looking slightly perplexed that he is totally baffled according to you. >> totally baffled in my conversation with them. >> the conversation must've been initiated by you, mrs. brooks. you usually don't hold back on occasions, do you? >> i just got number i brought
i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothing to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember a detailed...
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May 2, 2012
05/12
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whether or not -- bskyb has to part company with news corp., that remains to be sane. but that is a possibility, too. -- that remains to be seen. but that is a possibility, too. >> in france, president sarkozy is fighting for his political life in advance of this weekend polls. his chances were -- for reelection or delta a new blow. marine le pen the more than 6 million votes. she has told her voters that she is not a voting for nicolas sarkozy. are europe editor has more from paris. >> the french far right leader marine le pen at the center of attention. and the first round of the elections, over 6 million people voted for her. she promised that on a day, she would visor's supporters how to vote in sunday's decisive round. whether to back president sarkozy or the socialist candidate. present sarkozy will lead many of these -- will need many of these votes from the far right. in recent days, he has been echoing many things normally associated with these of voters from the far right. despite his frequent attacks on immigration, these voters are on condense. -- not convi
whether or not -- bskyb has to part company with news corp., that remains to be sane. but that is a possibility, too. -- that remains to be seen. but that is a possibility, too. >> in france, president sarkozy is fighting for his political life in advance of this weekend polls. his chances were -- for reelection or delta a new blow. marine le pen the more than 6 million votes. she has told her voters that she is not a voting for nicolas sarkozy. are europe editor has more from paris....
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May 12, 2012
05/12
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i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothing to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember a detailed conversation at a social dinner about the colexities of an issue such as ofcom. so it may have been precisely three minutes of me saying, can you believe that that has happened? and george osborne looking perplexed and the respond to fred michel the next day. it was a very brief conversation but it did happen. >> it didn't hppen but it's not mr. osborne looking slightly perplexed that he is totally baffled according to you. >> totally baffled in my conversaon with them. >> the conversation must've been initiated by you, mrs. brooks. you usually don't hold back on occasions, do you? >> i just got number i brought it u
i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothing to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember a detailed...
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May 14, 2012
05/12
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i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothg to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember detailed conversation at a social dinner about the complexities of an issue such as ofcom. so it may have been precisely three minutes of me saying, can you believe that that has happened? and george osborne looking perplexed and the respond to fred michel the next day. it was a very brief conversation but it did happen. >> it didn't happen but it's not mr. osborne looking slightly perplexed that he is totally baffled according to you. >> totally baffled in my conversation with them. >> the conversation must've been initiated by you, mrs. brooks. you usually don't hold back on occasions, do you? >> i just got number i brought i
i mean, literally my main focus, my main involvement in the bskyb did -- the bskyb bid if you like, nothg to do with the transaction but generally in response to the huge amount of opposition and lobbying that was going on by the anti-sky of li life. >> was the dinner must have a compass, this was a discussion about the issues letter because the e-mail makes that clear, would you agree? >> i a tree with you. that's exactly what the e-mail says, but i don't remember detailed...
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May 1, 2012
05/12
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now there's a question of whether they can hold any shares in bskyb. the tv regulator is debating on whether they are fit and proper people to hold a broadcasting license in the united kingdom. this report is going to be included in their assessment and it's not good news. basically if politicians, this powerful committee, says they're not fit and proper people, possibly the regulator may agree. >> dan rivers for us this morning. thank you. still ahead on "starting point," five exotic wild animals set loose by an ohio man shortly before he committed suicide are now being returned home. some people say it's a dangerous move and could create another panic. we'll tell you why. >>> she is 4'11". and this georgia firefighter walking kind of tall after she was able to make the biggest save of her career. we'll tell you what she was able to do. here's john's playlist. haven't heard this in a long time. you're warting sta iwatching "s point." [ male announcer ] this was how my day began. a little bird told me about a band... ♪ an old man shared some fish sto
now there's a question of whether they can hold any shares in bskyb. the tv regulator is debating on whether they are fit and proper people to hold a broadcasting license in the united kingdom. this report is going to be included in their assessment and it's not good news. basically if politicians, this powerful committee, says they're not fit and proper people, possibly the regulator may agree. >> dan rivers for us this morning. thank you. still ahead on "starting point," five...
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May 2, 2012
05/12
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bskyb whose main share horder, of course, is rupert murdoch's news corp. they had to withdraw a bit by the rest of the company last year following its phone-hacking scandal. >> let's tell you what's still to come on wor"worldwide excha." social unrest looms ever larger. thousands across europe joining mayday rallies. "worldwide exchange." your headlines today -- more evidence of pain in europe's manufacturing sector. pmi numbers out of germany and france show that industrial activity is at its fastest pace in years. >>> for asia the worst may be over as hsbc's final read gives more evidence of a bottoming out but they remain vulnerable to inflation risks. >>> ubs falls. analysts point to the swiss banks' stronger than expected wealth performance. >>> and in the united states, who is hiring in the private sector. investors are hoping today's adc numbers will ease concerns about friday's job report. >>> all right. we've got a lot of data out d o united kij dom as well. let's take a look at the april construction pmi numbers. 55.8 versus the march figure of 5
bskyb whose main share horder, of course, is rupert murdoch's news corp. they had to withdraw a bit by the rest of the company last year following its phone-hacking scandal. >> let's tell you what's still to come on wor"worldwide excha." social unrest looms ever larger. thousands across europe joining mayday rallies. "worldwide exchange." your headlines today -- more evidence of pain in europe's manufacturing sector. pmi numbers out of germany and france show that...
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May 1, 2012
05/12
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whether you think it's real or fake depends on -- remember, they created bskyb. >> could he put david kerry in charge and remain as chairman and everyone will think david is a puppet for rupert? >> chase carey. >> sorry. >> what andrew is getting at, a lot of people think this is a dog and phone any so ony show. but will there be real repercussions and is there a way to handicap what happens. >> the stock has reacted positively in front of these commit theities. they're built in sound bites. they come out guns blazing every time and it seems like the market has liked what they saw. this is real evidence that it wasn't working. that the fact that they didn't know that this was going on, that they didn't know how endemic it was actually isn't a type of defense that's actually going fly here with politicians where real regular election of these businesses is concerned. >> so it leads up to on you friendly the regulators are after all will? >> we should benchmark the reports that we also have coming out. only by saying this is something that every newspaper was doing. it doesn't take any
whether you think it's real or fake depends on -- remember, they created bskyb. >> could he put david kerry in charge and remain as chairman and everyone will think david is a puppet for rupert? >> chase carey. >> sorry. >> what andrew is getting at, a lot of people think this is a dog and phone any so ony show. but will there be real repercussions and is there a way to handicap what happens. >> the stock has reacted positively in front of these commit theities....
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May 2, 2012
05/12
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investigation into the relationship between ministers, special advisers, and lobbyists working for bskyb. the pm should allow the levenson inquiry to view the texts and [unintelligible] the truth is that whenever we have said in our report and how you choose to reported tomorrow, the public have made up their minds. powerful people were involved in the cover-up and they still have not accepted responsibility. after all this, the story is not yet over. it was reported at the weekend that rebekah brooks was prepared to release her personal texts and e-mails to david cameron to the levenson inquiry. i think she should. as the prime minister said yesterday, the contacts between rupert murdoch and senior ministers from both sides of the house. if you want to see how news corps in the u.k. operates, the current mp and chancellors, including tony blair and gordon brown and former chancellor is one -- might want to reveal their taiex and e-mails to company executives. these people crowded our country. they brought shane -- shame on our police force. they lied and cheated, blackmailed and boley.
investigation into the relationship between ministers, special advisers, and lobbyists working for bskyb. the pm should allow the levenson inquiry to view the texts and [unintelligible] the truth is that whenever we have said in our report and how you choose to reported tomorrow, the public have made up their minds. powerful people were involved in the cover-up and they still have not accepted responsibility. after all this, the story is not yet over. it was reported at the weekend that rebekah...
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May 1, 2012
05/12
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is a fit and proper owner of a 39% stake in bskyb. ofcom said the committee report will be part of its assessment but its decision will be based on its own evidence. here in the u.s. we should note news corp. did trip a key limit at the fcc that places a limit over foreign stock ownership in its b shares. a person familiar with the matter told me, though, its moves to strip voting power to certain non-u.s. holders did allay that problem. it will prepare to renew licenses for its fox affiliate stationings in the mid-atlantic region. >> thank you very much. kate kelly and another ceo in trouble. chesapeake's aubrey mcclendon. kate? >> aubrey mcclendon, you're right, is in the hot seat again. this morning his board of chesapeake energy announced plans to replace him as chairman with a new chairman they will find who has no previous ties to the company. they're hoping to have that person in place for a vote by the shareholder meeting, which is in early june. but that process is under way. there's no guarantee as to how fast it will happen
is a fit and proper owner of a 39% stake in bskyb. ofcom said the committee report will be part of its assessment but its decision will be based on its own evidence. here in the u.s. we should note news corp. did trip a key limit at the fcc that places a limit over foreign stock ownership in its b shares. a person familiar with the matter told me, though, its moves to strip voting power to certain non-u.s. holders did allay that problem. it will prepare to renew licenses for its fox affiliate...
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May 12, 2012
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notreaturare you sure it would have covered bskyb b issue? >> i do not think it was a conversation. >> i would like to cover some subject matter conversations with politicians. seeking to ignore private in social matters. it is self evident this would increase the issues of the day. is that there? >> sometimes, yes. >> today also embrace issues such as media policy? >> very rarely. there are some examples when they have met with a politician particularly to discuss that. >> the role of the bbc, was that often the subject? >> not particularly. in general, it wasted money was something we would address. i never really had a conversation. >> how about issues such as self regulation to be pressed? were those ever discuss with politicians? >> probably not enough. when you ask me the question, i was reflecting on the fact that i could not remember a conversation with a politician where we did discuss bcc. the last couple of years, it has been the subject. >> the go before the index i think a couple of years is in danger of muddying the waters. i wa
notreaturare you sure it would have covered bskyb b issue? >> i do not think it was a conversation. >> i would like to cover some subject matter conversations with politicians. seeking to ignore private in social matters. it is self evident this would increase the issues of the day. is that there? >> sometimes, yes. >> today also embrace issues such as media policy? >> very rarely. there are some examples when they have met with a politician particularly to discuss...
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May 3, 2012
05/12
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they have had to drop their bid to take over the entirety of bskyb, the biggest satellite provider in great britain. they had been damaged by this. host: how unusual is it that david cameron would appear on monday at the request of his labor party leader? guest: very unusual. he was furious. his performance reflected the fact that he was glowing bright red. he was being dragged in front and have to answer. he was open to campaign in britain, but instead, he is being dragged into this ongoing mess which refuses to go away. host: let us go to the floor of the british house of commons. we carried this. prime minister, david cameron. [video clip] >> i am a defender of the premium of the press in this country. it is one of the central pillars of robert democracy. the relationship between politicians and the media has been too close for decades. the inquiry, which this government has set up, gives parliament and politicians of all parties the opportunity to get this right for the future. already, we have introduced transparency about what happens with the media. everyone can see which propr
they have had to drop their bid to take over the entirety of bskyb, the biggest satellite provider in great britain. they had been damaged by this. host: how unusual is it that david cameron would appear on monday at the request of his labor party leader? guest: very unusual. he was furious. his performance reflected the fact that he was glowing bright red. he was being dragged in front and have to answer. he was open to campaign in britain, but instead, he is being dragged into this ongoing...
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May 2, 2012
05/12
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graham william of bskyb. the truth is that whatever we have said in our report and however you choose to report it tomorrow, the public have made up their minds. powerful people were involved in a cover-up, and they still haven't accepted responsibility. and after all of this, the story is not yet over. it was reported at the weekend that rebecca brooks was prepared to release her personal texts and e-mails to david cameron to the leveson inquiry. i think she should. but as the prime minister said yesterday, the contacts between rupert murdoch and senior ministers crossed both sides of the house. if we really want to see how news corp. in the u.k. operates, then the current pm and chancellor, all former prime ministers including tony blair and gordon brown and former chancellors might want to consider revealing their texts and e-mails to company executives. .. more than any individual alive he is to blame. morally the deeds are his. he paid the piper and he caught the tune. it was his company, his culture, hi
graham william of bskyb. the truth is that whatever we have said in our report and however you choose to report it tomorrow, the public have made up their minds. powerful people were involved in a cover-up, and they still haven't accepted responsibility. and after all of this, the story is not yet over. it was reported at the weekend that rebecca brooks was prepared to release her personal texts and e-mails to david cameron to the leveson inquiry. i think she should. but as the prime minister...
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May 2, 2012
05/12
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investigation into the relationship between ministers, special advisers, and lobbyists working for bskyb. the pm should allow the levenson inquiry to view the texts and [unintelligible] the truth is that whenever we have said in our report and how you choose to reported tomorrow, the public have made up their minds. powerful people were involved in the cover-up and they still have not accepted responsibility. after all this, the story is not yet over. it was reported at the weekend that rebekah brooks was prepared to release her personal texts and e-mails to david cameron to the levenson inquiry. i think she should. as the prime minister said yesterday, the contacts between rupert murdoch and senior ministers from both sides of the house. if you want to see how news corps in the u.k. operates, the current mp and chancellors, including tony blair and gordon brown and former chancellor is one -- might want to reveal their taiex and e-mails to company executives. these people crowded our country. they brought shane -- shame on our police force. they lied and cheated, blackmailed and boley.
investigation into the relationship between ministers, special advisers, and lobbyists working for bskyb. the pm should allow the levenson inquiry to view the texts and [unintelligible] the truth is that whenever we have said in our report and how you choose to reported tomorrow, the public have made up their minds. powerful people were involved in the cover-up and they still have not accepted responsibility. after all this, the story is not yet over. it was reported at the weekend that rebekah...
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May 1, 2012
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becomes would they actually ever consider selling their 30 or so percent that they own currently of bskyb. and, again, would they move ahead even more? a very significant buy back share under way. but it's just a funny thing. bad headlines, not necessarily trading into bad things. >> not to mention that a lot of analysts just don't see any potential penalty as being material to cash flow. they're more worried about whether the simpsons is cancelled and you can use that money for something else. >> people talk about a lot of hidden value. there's so much money there on the table for a program like the simp somes, which hopefully isn't going to be cancelled any time soon. >> of course, you can see futures are mildly positive today as the dow just extended its monthly winning street to 7 in april. their first monthly drop of the year. the first drop since november. brian is chief investment strategist having just moved over to bmo, congratulations. it looks like your debut here. >> that's right. thank you for having us. thank you. a very good chance stocks will struggle to exceed their highe
becomes would they actually ever consider selling their 30 or so percent that they own currently of bskyb. and, again, would they move ahead even more? a very significant buy back share under way. but it's just a funny thing. bad headlines, not necessarily trading into bad things. >> not to mention that a lot of analysts just don't see any potential penalty as being material to cash flow. they're more worried about whether the simpsons is cancelled and you can use that money for something...